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A “Crypto” Nightmare Before Christmas
Don’t Lose Sight of the Big Picture
Teeka Tiwari & Houston Molnar
December 24, 2025
A Note from Big T: Friends, on this Christmas Eve, I find myself filled with gratitude.
Gratitude for my family. Gratitude for my friends. Gratitude for the incredible team I get to work alongside every day.
And most of all, gratitude for you.
The trust you’ve placed in me – the opportunity to serve you, guide you, and walk this journey with you – has changed my life in ways I never could have imagined.
That’s a gift I could never put a dollar figure on.
That said, I do have something small I’d like to share with you. It’s an opportunity I believe can help you compound your wealth safely in the years ahead.
So click here to get all the details. And if it feels right to you, you’ll know.
Our offices are closed this holiday weekend, so we’re sharing a previous essay from my chief analyst, Houston Molnar. And you won’t want to lose sight of the three rules he lays out in this piece.
Friends, if this holiday brings you anything at all, I hope it’s this reminder: Rather than focusing on what you don’t have… take a moment to be grateful for what you do.
That mindset alone puts you ahead of most people.
On behalf of myself and my team, I want to wish those of you who celebrate a Merry Christmas and Happy Holidays!
Big T
A “Crypto” Nightmare Before Christmas
I was dreading going home for the holidays.
It was December 2018. I had just told the people closest to me back home in Wisconsin about bitcoin – passionately explaining the research, the adoption curve, the long-term potential… Only to watch it collapse by 60% in a matter of weeks.
Nothing stings more than seeing someone lose money because they trusted your research.
So when I met a friend for a holiday drink at a bar in Green Bay the night before Christmas, I braced myself. And sure enough, within minutes, he asked – with that nervous half-laugh we all know too well – “So… what’s going on with bitcoin?”
What he expected was an apology. An admission that maybe the critics were right and I was wrong.
Instead, what I told him was simple and honest. “Yes, things are ugly. I won’t pretend otherwise. But when you zoom out and look at the long-term adoption story, the case for bitcoin is stronger than ever.”
Then I told him, “This is the buying opportunity of a lifetime.”
Since those lows, bitcoin has rocketed 3,097%. That is 30x your money.
Much like that Christmas Eve seven years ago – the market is puking again. Bitcoin has been down as much as 36% since its all-time high over $126,000 earlier this year. Sentiment is in the dumps.
And that’s exactly why I wanted to revisit this story with you today.
I know how easy it is to feel worn down by the volatility. You might even be tempted to walk away – just like my friend almost did.
But if you and I were sitting together in a bar today, I’d tell you what I told my friend back then: The ugliness you’re seeing right now is just a speed bump on the highway to mass adoption.
Now, I can’t promise the worst is over – just like I couldn’t promise him. Maybe the selling stops in a month. Maybe it drags on longer.
But when I look at where this asset is headed – not over the next five weeks… but over the next five years – I see a far brighter path than the day-to-day prices suggest.
That’s why I want to walk you through the three rules that helped me survive every ugly stretch since 2018… And why they matter so much right now.
Rule 1: Don’t Lose Sight of the Big Picture